Apple plunged 2.9 percent to send technology stocks in the Standard & Poor’s 500 Index to the biggest plunge since April. Biogen Idec Inc. and TripAdvisor Inc. lost at least 3.3 percent as investors sold some of the bull market’s biggest winners.
With Mario Draghi’s ECB threatening additional stimulus plans at the Jackson Hole stage last Friday, stock investors are pushing the envelope on valuation and have driven the S&P 500 index above 2,000 for the first time.
They say it’s a good idea to check in on elderly loved ones during the hot summer months. And after the rough spring they had, it’s probably also a good idea to check in on loved ones managing equity hedge-funds.